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agip wrote:

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Not my reaI name wrote:

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Ghost of Igloi wrote:

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J. Hardy wrote:

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agip wrote:

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Gruntz wrote:

A big day for the markets and not a peep from mellon or any of the bulls. Could Igy have been wrong about them?

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I'm trying not to be an jerk here at times like this.

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Please keep trying, agip. Like it or not, you are the conscience of this thread. For that, I thank you.

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agip is a good person, but sorry, a Bullish view on the market does not carry any greater weight in the conscience of man, or this thread.

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I think his point was that you recently called out mellon for only posting when the markets are up. Anyway that’s what I took away from it.

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that wasn't my point, not exactly.

Just seems to me being triumphalist in a debate/disagreement situation is just a$$holery. I'm not accusing anyone of that - just explaining my post.

And anyway, he who is right about the market this week will be wrong about the market next week.

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Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

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Racket wrote:

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Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

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VIX making me drool right now.

Trade wars are good and easy to win indeed >:)

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Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

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agip wrote:

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Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

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this correction is mirroring almost exactly the Jan-March 2018 correction. Which makes sense since the same machines are doing all the damage.

If the mirroring continues, we'll drop back down to the correction lows by xmas/new years...and then start a real trudge upwards.

Seriously - take a look - they are very similar, including all these ultra jagged ups and downs.

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Racket wrote:

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agip wrote:

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Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

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this correction is mirroring almost exactly the Jan-March 2018 correction. Which makes sense since the same machines are doing all the damage.

If the mirroring continues, we'll drop back down to the correction lows by xmas/new years...and then start a real trudge upwards.

Seriously - take a look - they are very similar, including all these ultra jagged ups and downs.

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2-10 is ready to invert, It's so close. Also lol @ SPY about to fall right through support.

If 2-10 inverts I'm going all in on a VXX vertical call spread. The selling on Thursday (thanks a lot H.W. ) would be unholy.

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agip wrote:

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Racket wrote:

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agip wrote:

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Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

---

this correction is mirroring almost exactly the Jan-March 2018 correction. Which makes sense since the same machines are doing all the damage.

If the mirroring continues, we'll drop back down to the correction lows by xmas/new years...and then start a real trudge upwards.

Seriously - take a look - they are very similar, including all these ultra jagged ups and downs.

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2-10 is ready to invert, It's so close. Also lol @ SPY about to fall right through support.

If 2-10 inverts I'm going all in on a VXX vertical call spread. The selling on Thursday (thanks a lot H.W. ) would be unholy.

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2-10 inverting predicts, with a very very small sample, that there will be a recession sometime in the next 2 years. Good luck using that as a market timing signal.

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agip wrote:

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Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

---

this correction is mirroring almost exactly the Jan-March 2018 correction. Which makes sense since the same machines are doing all the damage.

If the mirroring continues, we'll drop back down to the correction lows by xmas/new years...and then start a real trudge upwards.

Seriously - take a look - they are very similar, including all these ultra jagged ups and downs.

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Racket wrote:

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agip wrote:

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Racket wrote:

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agip wrote:

---

Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

---

this correction is mirroring almost exactly the Jan-March 2018 correction. Which makes sense since the same machines are doing all the damage.

If the mirroring continues, we'll drop back down to the correction lows by xmas/new years...and then start a real trudge upwards.

Seriously - take a look - they are very similar, including all these ultra jagged ups and downs.

---

2-10 is ready to invert, It's so close. Also lol @ SPY about to fall right through support.

If 2-10 inverts I'm going all in on a VXX vertical call spread. The selling on Thursday (thanks a lot H.W. ) would be unholy.

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2-10 inverting predicts, with a very very small sample, that there will be a recession sometime in the next 2 years. Good luck using that as a market timing signal.

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If it inverts, you don't think people will just straight up panic sell? I bet it will be enough to shoot volatility up.

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agip wrote:

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Racket wrote:

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agip wrote:

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Racket wrote:

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agip wrote:

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Ghost of Igloi wrote:

Price action gets more similar to a Bear Market every day. Sucks/keeps people in while the trend deteriorates.

---

this correction is mirroring almost exactly the Jan-March 2018 correction. Which makes sense since the same machines are doing all the damage.

If the mirroring continues, we'll drop back down to the correction lows by xmas/new years...and then start a real trudge upwards.

Seriously - take a look - they are very similar, including all these ultra jagged ups and downs.

---

2-10 is ready to invert, It's so close. Also lol @ SPY about to fall right through support.

If 2-10 inverts I'm going all in on a VXX vertical call spread. The selling on Thursday (thanks a lot H.W. ) would be unholy.

---

2-10 inverting predicts, with a very very small sample, that there will be a recession sometime in the next 2 years. Good luck using that as a market timing signal.

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If it inverts, you don't think people will just straight up panic sell? I bet it will be enough to shoot volatility up.

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I have no idea. but I have learned that very little is automatic in this business. If things were automatic and predictable, active trading would beat passive investing. it doesn't. People can't use their brains to beat the market. As embarrassing as that is.

but if you are buying and selling volatility rather than stocks, things might be different.

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Ghost of Igloi wrote:

“markets in turmoil”

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agip wrote:

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Ghost of Igloi wrote:

“markets in turmoil”

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didn't someone calculate that the CNBC 'markets in turmoil' graphic is a near-perfect buy indicator?

something like 100% of the time they used it, the market was up 6 months later.

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agip wrote:

but if you are buying and selling volatility rather than stocks, things might be different.

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Racket wrote:

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agip wrote:

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Ghost of Igloi wrote:

“markets in turmoil”

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didn't someone calculate that the CNBC 'markets in turmoil' graphic is a near-perfect buy indicator?

something like 100% of the time they used it, the market was up 6 months later.

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The yearly chart for the Dow is amazing. You could have profited with any position multiple times if you held for the right amount of time.

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